The report forecasts the global hydrocolloid market to grow at a CAGR of
10.16% during the period 2016-2020.

The report has been prepared based on an in-depth market analysis with
inputs from industry experts. The report covers the market landscape and
its growth prospects over the coming years. The report also includes a
discussion of the key vendors operating in this market.

One of latest trends in the market is increasing demand for functional
food. Functional foods and drinks aim at improving health conditions.
With higher disposable income and increasing awareness, primarily in the
developing and developed regions, the demand for functional food is
expected to grow during the forecast period. The use of hydrocolloids in
functional food helps in reducing incidences of diabetes, obesity, and
several other diseases. Thus, hydrocolloids are used in several
functional food and beverages.

According to the report, one of the primary drivers in the market is
increasing demand for convenience food. Convenience food or processed
food is commercially prepared food that requires minimum or no further
preparation in order to be consumed. This category includes packaged
food or meals, canned food, frozen food, preserved food, and instant
products. This category of food is called convenience food because it is
easy to consume, portion-packed, time saving, has convenient packaging,
and is freeze or thaw stable. With technological advancement in the
packaging industry, the range of convenience has also expanded from
frozen, chilled, shelf-stable, portion-ability, microwave-ability,
prepared-mixes and others